The Global Banking News Network http://global-bankers.com/ Thu, 11 Aug 2022 09:27:06 GMT part of MediaG8way Group http://global-bankers.com/ http://global-bankers.com/assets/images/logo.png The Global Banking News Network KohanaPHP Wise enters wealth management with BlackRock tie-up News Aggregation Team Tuesday, September 21, 2021 12:00 am http://global-bankers.com/article/270129/wise-enters-wealth-management-with-blackrock-tie-up Stock investing from multi-currency accounts is becoming a crowded market in fintech as transfers firm enters space Wealth & Asset Management Citi, IFC and Global Bank Partner to Finance Women’s Economic Empowerment in Panama News Team Tuesday, September 21, 2021 12:00 am http://global-bankers.com/article/270137/citi-ifc-and-global-bank-partner-to-finance-womenamprsquos-economic-empowerment-in-panama Proceeds from Landmark $90 Million Loan to Finance Low-Income Mortgages for Women-Led Households and Women-Owned Enterprises Wealth & Asset Management Do I need to protect my savings against inflation? News Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269880/do-i-need-to-protect-my-savings-against-inflation If inflation remains higher than interest rates, cash will continue to lose its value. Wealth & Asset Management The Latest Estate and Succession Planning Trends in Europe News Aggregation Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269883/the-latest-estate-and-succession-planning-trends-in-europe An individual’s ability to determine to whom their assets pass upon their death will depend upon the laws of the relevant jurisdictions and in turn, may have international estate tax implications. Wealth & Asset Management Jersey Finance announce line-up for Private Wealth Conference in London News Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269897/jersey-finance-announce-line-up-for-private-wealth-conference-in-london Jersey Finance has announced a range of expert speakers, who will discuss the issues driving private client decision making and the challenges facing the international wealth management community, at its Annual Private Wealth Conference later this month. Wealth & Asset Management PraxisIFM announces sale of Fund Administration division News Team Wednesday, July 28, 2021 12:00 am http://global-bankers.com/article/267182/praxisifm-announces-sale-of-fund-administration-division Formed in 2005, the PraxisIFM Funds Business is one of the leading players in the European listed funds sector and augments Sanne’s existing presence in this important market. Wealth & Asset Management German man finds 50,000 Deutschmarks hidden in flea market clock News Aggregation Team Wednesday, December 25, 2019 12:00 am http://global-bankers.com/article/226437/german-man-finds-50000-deutschmarks-hidden-in-flea-market-clock After a legally-required waiting period of six months, during which no one claimed the decades-old banknotes, the man was permitted to have them back. Wealth & Asset Management BVIF slams report linking VI to scandals News Aggregation Team Monday, December 23, 2019 12:00 am http://global-bankers.com/article/226371/bvif-slams-report-linking-vi-to-scandals “The ultimate owners of companies incorporated in the UK and its offshore financial centres should be reported accurately and open to public scrutiny to make it more difficult for corrupt individuals to use them to obtain and move illicit funds,&rdq Wealth & Asset Management Deutsche Bank and UBS Explored European Banking Alliance News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216165/deutsche-bank-and-ubs-explored-european-banking-alliance Deal talks in June never coalesced but show how far European lenders are willing to go to address a punishing banking environment Wealth & Asset Management Guinness AM teams up with Brewin Dolphin on multi-asset funds News Aggregation Team Thursday, January 10, 2019 12:00 am http://global-bankers.com/article/194020/guinness-am-teams-up-with-brewin-dolphin-on-multi-asset-funds Balanced and growth funds aimed at expat investors and their advisers Wealth & Asset Management Carlos De Serpa Pimentel Recognised in Citywealth's Top 100 Trust Litigators List News Team Sunday, May 24, 2020 12:00 am http://global-bankers.com/article/236245/carlos-de-serpa-pimentel-recognised-in-citywealthamp039s-top-100-trust-litigators-list Carlos has previously been recognised as a top trusts lawyer in Chambers Global, Legal 500, Who’s Who Legal, and more. Offshore Beneficial ownership register to be made public by 2023 News Aggregation Team Sunday, December 23, 2018 12:00 am http://global-bankers.com/article/193064/beneficial-ownership-register-to-be-made-public-by-2023 The U.K. chose the year 2023 because it was the date set by a previous government under David Cameron for the worldwide sharing of beneficial ownership information. Offshore Saint Lucia’s Bankers Brace for Change News Aggregation Team Monday, August 27, 2018 12:00 am http://global-bankers.com/article/182745/saint-luciaamprsquos-bankers-brace-for-change Global tax bodies are ramping up regulatory pressure. Is Saint Lucia ready or will it find itself back on the EU blacklist? Offshore Carey Olsen Bermuda continues to expand its team as it celebrates award win Thursday, July 05, 2018 12:00 am http://global-bankers.com/article/179136/carey-olsen-bermuda-continues-to-expand-its-team-as-it-celebrates-award-win "We are delighted to have Jennifer on board at Carey Olsen Bermuda. With the significant increase in regulatory issues we are seeing, Jennifer’s knowledge and experience will be a valuable addition to the team and our growing client base.&quot Offshore IOM: A real danger we will end up in blacklist News Aggregation Team Saturday, March 31, 2018 12:00 am http://global-bankers.com/article/171740/iom-a-real-danger-we-will-end-up-in-blacklist The Isle of Man escaped blacklisting by the European Union in December. Offshore Global Tax Transparency Impacts the Way Family Offices Approach Jurisdictions News Aggregation Team Saturday, December 30, 2017 12:00 am http://global-bankers.com/article/165789/global-tax-transparency-impacts-the-way-family-offices-approach-jurisdictions Beyond tax efficiency, assessing the types of holding structures available, services and products that are unique to HNW-families, such as specialized insurance and regulatory regimes all play a part when choosing an offshore jurisdiction. Offshore Bolivia Proposes New Law Against Tax Havens News Aggregation Team Monday, October 02, 2017 12:00 am http://global-bankers.com/article/158925/bolivia-proposes-new-law-against-tax-havens The law comes as part of a report on the Panama Paper cases in Bolivia. Offshore 7 charts that show how the rich hide their cash Wednesday, September 13, 2017 12:00 am http://global-bankers.com/article/157222/7-charts-that-show-how-the-rich-hide-their-cash Who avoids the most tax and what does that mean for inequality? Offshore Guernsey Offshore Tax Bulletin - Deloitte Tuesday, July 18, 2017 12:00 am http://global-bankers.com/article/152283/guernsey-offshore-tax-bulletin-deloitte As part of its long term Digital Strategy and in line with the UK Government’s obligations under the Fourth Money Laundering Directive (4MLD), HM Revenue and Customs (HMRC) is introducing a new Trust Register Offshore Real Madrid 'absolutely convinced' of Ronaldo innocence in tax fraud accusations News Aggregation Team Wednesday, June 14, 2017 12:00 am http://global-bankers.com/article/149252/real-madrid-amp039absolutely-convincedamp039-of-ronaldo-innocence-in-tax-fraud-accusations On Tuesday, prosecutors in Madrid filed a complaint to a court in Pozuelo de Alarcon accusing Ronaldo of a "voluntary" and "conscious" breach of his tax obligations. Offshore Goldman Sachs eyes stake in Nucleus News Aggregation Team Friday, March 11, 2022 12:00 am http://global-bankers.com/article/280248/goldman-sachs-eyes-stake-in-nucleus First reported by Sky News, sources have since confirmed the firms involved in the share sale and the combined value to FTAdviser. Nucleus declined to comment. Legal,Regulation,Tax & Compliance Eugene F Collins merges with international law firm News Team Thursday, February 10, 2022 12:00 am http://global-bankers.com/article/278392/eugene-f-collins-merges-with-international-law-firm The combination will continue to offer a full-service capability in the market with projections to more than double the size of the business in Ireland over the next three to five years. Legal,Regulation,Tax & Compliance Our review of the 2021 AGM season and how we voted News Team Tuesday, September 21, 2021 12:00 am http://global-bankers.com/article/270128/our-review-of-the-2021-agm-season-and-how-we-voted Implementing ESG metrics in pay, adjusting remuneration, shareholder resolutions, votes on climate, diversity and auditor tenure - we round-up the AGM season. Legal,Regulation,Tax & Compliance APAC Wealth Migration Trends Heighten Financial Crime Risk News Aggregation Team Tuesday, December 31, 2019 12:00 am http://global-bankers.com/article/226694/apac-wealth-migration-trends-heighten-financial-crime-risk Hong Kong: a decline in regional dominance? Legal,Regulation,Tax & Compliance Ministry of Finance holds the third meeting of the Government Financial Policy Coordination Council of 2019 News Team Wednesday, December 25, 2019 12:00 am http://global-bankers.com/article/226438/ministry-of-finance-holds-the-third-meeting-of-the-government-financial-policy-coordination-council-of-2019 The meeting was headed by H.E Younis Haji Al Khoori, Undersecretary of MoF and Chairman of the Government Financial Policy Coordination Council Legal,Regulation,Tax & Compliance Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses News Team Monday, December 23, 2019 12:00 am http://global-bankers.com/article/226421/credit-suisse-hit-with-65-million-us-fine-for-supervisory-lapses In settling this matter, Credit Suisse neither admitted nor denied the charges, but consented to the entry of FINRA’s and the Exchanges’ findings. Legal,Regulation,Tax & Compliance UBS ordered to pay Credit Suisse $9m in advisor 'raiding' case News Aggregation Team Thursday, September 19, 2019 12:00 am http://global-bankers.com/article/218566/ubs-ordered-to-pay-credit-suisse-9m-in-advisor-amp039raidingamp039-case Credit Suisse filed the complaint in November 2015, asking for more than $10 million in damages alleging that UBS 'engaged in unfair competition Legal,Regulation,Tax & Compliance The growing challenges for monetary policy by Mark Carney Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216158/the-growing-challenges-for-monetary-policy-by-mark-carney Our Governor talks about the challenges posed by the international monetary and financial system for the conduct of monetary policy across the world. Legal,Regulation,Tax & Compliance ASIC sues NAB for unlicensed home loan introducers Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216162/asic-sues-nab-for-unlicensed-home-loan-introducers n one of the first pieces of litigation as a result of the Royal Commission, the Australian Securities and Investment Commission (ASIC) has sued the National Australia Bank (NAB) for dealing with unlicensed home loan introducers. Legal,Regulation,Tax & Compliance Tanzania central bank threatens hefty fines for lenders over data compliance News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216183/tanzania-central-bank-threatens-hefty-fines-for-lenders-over-data-compliance A Bank of Tanzania spokesperson confirmed to Reuters on Sunday the regulator issued a circular on Friday that imposes a fine of 5 billion Tanzanian shillings ($2.18 million) for lenders that have not set up an in-country data centre. Legal,Regulation,Tax & Compliance Seven New Directors Join The Investment Association's Board News Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269890/seven-new-directors-join-the-investment-associationamp039s-board The appointees join the Board from a range of firms including some of the largest asset managers in the country Executive Moves Pictet Wealth Management appoints CEO for UK News Team Tuesday, August 31, 2021 12:00 am http://global-bankers.com/article/268950/pictet-wealth-management-appoints-ceo-for-uk He spent 18 years at Goldman Sachs, most recently as Managing Director, Head of Private Wealth Management, London. Executive Moves Avaloq unveils new Asia-Pacific direction with senior promotions News Team Wednesday, July 28, 2021 12:00 am http://global-bankers.com/article/267151/avaloq-unveils-new-asia-pacific-direction-with-senior-promotions Gery Dachlan has been appointed as Managing Director for South Asia and Australia, while Pascal Wengi has been appointed as Managing Director for the North Asia region. Executive Moves Bravura chair retires Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216160/bravura-chair-retires It has been a great honour for me to serve as Chairman over the past ten years. Executive Moves Mauritius Commercial Bank opens an office in Dubai News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216166/mauritius-commercial-bank-opens-an-office-in-dubai In his new capacity, Graewert will be working closely with MCB’s senior management team and strategic business units based in Port Louis, Mauritius. Executive Moves Top EU regulator to head banking lobbying group AFME News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216185/top-eu-regulator-to-head-banking-lobbying-group-afme EBA director Adam Farkas is in talks to become CEO of the Association for Financial Markets in Europe, Sky News learns. Executive Moves Ogun gov appoints ex-AIG chairman security trust fund News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216188/ogun-gov-appoints-ex-aig-chairman-security-trust-fund The committee was also asked to ensure the efficiency of all the security agencies in the state. Executive Moves Credit Suisse's International Wealth Management head moves on Monday, July 01, 2019 12:00 am http://global-bankers.com/article/210622/credit-suisseamp039s-international-wealth-management-head-moves-on Philipp graduated from the University of Bonn, Germany, with a master's degree in economics and subsequently worked as a consultant and project manager with a focus on financial services. Executive Moves Local Pensions Partnership appoints Director of Pension Administration News Team Tuesday, April 16, 2019 12:00 am http://global-bankers.com/article/203635/local-pensions-partnership-appoints-director-of-pension-administration LPP currently provides pension administration services to more than 590,000 members Executive Moves Nikko Asset Management adds to Global Equity team News Aggregation Team Thursday, February 28, 2019 12:00 am http://global-bankers.com/article/198978/nikko-asset-management-adds-to-global-equity-team Nikko AM’s Global Equity team manages high conviction global equity long-only portfolios focused on companies Executive Moves Yolt Technology Services claims 80% coverage of bank accounts in Italy, France and Spain News Aggregation Team Monday, June 01, 2020 12:00 am http://global-bankers.com/article/236871/yolt-technology-services-claims-80-coverage-of-bank-accounts-in-italy-france-and-spain Businesses are beginning to see the benefits that open banking can bring to their operations, and many are seizing the new opportunities it provides, going beyond existing borders. FinTech OneConnect Opens Joint Venture in Japan News Team Wednesday, December 25, 2019 12:00 am http://global-bankers.com/article/226426/oneconnect-opens-joint-venture-in-japan "We have the world's leading technology!" said Ye Wangchun, Chairman and CEO of OneConnect. FinTech Allied Wallet Asia and Founder Andy Khawaja Announce New Asia Headquarters News Team Wednesday, December 25, 2019 12:00 am http://global-bankers.com/article/226440/allied-wallet-asia-and-founder-andy-khawaja-announce-new-asia-headquarters Not only can we facilitate the payments, but we can support the preferred payment methods of the region, Andy Khawaja added, ¦we do more than support e-commerce – we stimulate growth and entrepreneurship. FinTech Japanese giant Nomura prepares to back new digital bank News Aggregation Team Monday, November 25, 2019 12:00 am http://global-bankers.com/article/224130/japanese-giant-nomura-prepares-to-back-new-digital-bank The Japanese bank has a whopper balance sheet and has never really put its back into Australia's SME lending. FinTech Bravura Wealth Management revenue up 14pc Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216161/bravura-wealth-management-revenue-up-14pc Wealth Management FY19 EBITDA increased 17% to A$53.9m (A$46.2m in FY18). FinTech Big benefits for emerging asset managers that partner with AI-savvy service providers Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216179/big-benefits-for-emerging-asset-managers-that-partner-with-ai-savvy-service-providers The data needs to be carefully reviewed, parsed and then processed for accurate and timely revaluation of assets FinTech National Bank of Bahrain completes SWIFT gpi certification News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216187/national-bank-of-bahrain-completes-swift-gpi-certification SWIFT Global Payments Innovation (SWIFT gpi) is the latest initiative by SWIFT to improve the customer experience in the world of cross border payments. FinTech Is the UAE still an attractive financial environment for global tech? News Aggregation Team Sunday, August 25, 2019 12:00 am http://global-bankers.com/article/216189/is-the-uae-still-an-attractive-financial-environment-for-global-tech Tech: the next frontier Dubai wants to conquer FinTech PalmPay, Visa collaborate to enhance financial inclusion all over Africa News Aggregation Team Wednesday, June 05, 2019 12:00 am http://global-bankers.com/article/207955/palmpay-visa-collaborate-to-enhance-financial-inclusion-all-over-africa PalmPay disclosed that the application will aid Visa cardholders to make online and mobile payments by linking their card details to their PalmPay profile. FinTech Dion CFO Gopala Subramanium named “Fintech CFO of the Year 2019” Monday, May 27, 2019 12:00 am http://global-bankers.com/article/207088/dion-cfo-gopala-subramanium-named-ampldquofintech-cfo-of-the-year-2019amprdquo The awards are given solely on merit and are awarded to commend those most deserving for their ingenuity and hard work, distinguishing them from their competitors and proving them worthy of recognition. FinTech The Ultra-Wealthy Say Their Money Is Essential To Fighting Climate Change News Aggregation Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269876/the-ultra-wealthy-say-their-money-is-essential-to-fighting-climate-change The ultra-wealthy feel the—and their money—can help fight climate change, according to a new survey. Planet SOS Private capital essential to fight climate change, wealthiest individuals say News Aggregation Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269882/private-capital-essential-to-fight-climate-change-wealthiest-individuals-say Most people with high net worth see transition to net-zero emissions as opportunity, report says Planet SOS The Guernsey Green Funds answer News Team Sunday, April 10, 2022 12:00 am http://global-bankers.com/article/281921/the-guernsey-green-funds-answer In the aftermath of COP-26, the scale of the task in hand continues to reveal itself, with the European Commission indicating at the time of writing that meeting the EU’s 2030 climate goal will require €350bn of investments every year. Comment & Analysis Charles Stanley targets ‘post-Google/pre-planning’ clients News Aggregation Team Thursday, September 16, 2021 12:00 am http://global-bankers.com/article/269875/charles-stanley-targets-amplsquopost-googlepre-planningamprsquo-clients DIYers who want to find out more but are hesitant about paying a fee for a full financial plan Comment & Analysis